Do not give solution in image formate 1htncesExercise 9-9 (Algo) Planning Budget (LO9-1]Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following tableprovides estimates concerning the company's costs:Cleaning supplienElectricityMaintenanceFixedCost perMonth$1,000$ 4,800$8,000$1,000$1,300RentCost perCar WashedWages and salariesDepreciationAdministrative expensesFor example, electricity costs should be $1,000 per month plus $0.07 per car washed. The company expects to wash 8.200 cars inAugust and to collect an average of $6.80 per car washed.$ 0.70$ 0.07$ 0.25$0.30Lavage RapidePlanning BudgetFor the Month Ended August 31$ 0.05Required:Prepare the company's planning budget for AugustDen***

Planning budget is a preparation of budget which figures out the estimation of expense and revenue…

M Exercise 9-9 (Algo) Planning Budget (LO9-1] Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Administrative expenses Rent Fixed Cost per Month $1,000 $4,000 $8,000 $1,000 $1,300 $ 0.05 Cost per Car Washed $ 0.70 $ 0.07 $ 0.25 $0.30 For example, electricity costs should be $1,000 per month plus $0.07 per car washed. The company expects to wash 8.200 cars in August and to collect an average of $6.80 per car washed. Lavage Rapide Planning Budget For the Month Ended August 31 Required: Prepare the company's planning budget for August

M Exercise 9-9 (Algo) Planning Budget (LO9-1] Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Administrative expenses Rent Fixed Cost per Month $1,000 $4,000 $8,000 $1,000 $1,300 $ 0.05 Cost per Car Washed $ 0.70 $ 0.07 $ 0.25 $0.30 For example, electricity costs should be $1,000 per month plus $0.07 per car washed. The company expects to wash 8.200 cars in August and to collect an average of $6.80 per car washed. Lavage Rapide Planning Budget For the Month Ended August 31 Required: Prepare the company's planning budget for August

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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